Maine Revised Statutes Title 13-B Sec. 1117 – Revival of nonprofit corporation after dissolution
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1. Determination of need to revive corporation. If the Secretary of State finds that a nonprofit corporation has dissolved in any manner under this chapter and that the nonprofit corporation should be revived for any specified purpose or purposes for a specific period of time, the Secretary of State may upon application by an interested party file a certificate of revival in a form or format prescribed by the Secretary of State for reviving the nonprofit corporation.
[PL 2007, c. 231, §10 (NEW).]
Terms Used In Maine Revised Statutes Title 13-B Sec. 1117
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
2. Certificate of revival. The certificate of revival must include:
A. The name of the nonprofit corporation and its original date of incorporation; [PL 2007, c. 231, §10 (NEW).]
B. The name of the nonprofit corporation’s registered agent and the address of its registered agent at the time of dissolution; [PL 2007, c. 231, §10 (NEW).]
C. The name and address of the party or parties requesting the revival; [PL 2007, c. 231, §10 (NEW).]
D. The purpose or purposes for which revival is requested; and [PL 2007, c. 231, §10 (NEW).]
E. The time period needed to complete the purpose or purposes specified under paragraph D. [PL 2007, c. 231, §10 (NEW).]
[PL 2007, c. 231, §10 (NEW).]
3. Notice of revival. The Secretary of State shall issue a notice to the nonprofit corporation to the address provided in subsection 2, paragraph C stating that the revival has been granted for the purpose or purposes and for the time period specified pursuant to the certificate of revival under this section.
[PL 2007, c. 231, §10 (NEW).]
4. Termination of revival. When the time period specified in subsection 2, paragraph E has expired, the Secretary of State shall send a notice to the nonprofit corporation at the address provided in subsection 2, paragraph C that the status of the nonprofit corporation has returned to the status prior to filing the certificate of revival under this section.
[PL 2007, c. 231, §10 (NEW).]
SECTION HISTORY
PL 2007, c. 231, §10 (NEW).